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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of March 1, 2023 No. PP-83

About measures for acceleration of processes of reforming of the companies with participation of the state

(as amended of the Resolution of the President of the Republic of Uzbekistan of 18.08.2023 No. PP-283)

For the purpose of continuation in the country of system work on implementation of corporate management in economic societies from shares of the state and the state unitary enterprises (further - the companies with participation of the state), to increase in operating efficiency and ensuring their openness, and also acceleration of transition of the companies with participation of the state on market mechanisms:

1. Approve the List of the large enterprises with participation of the state which are subject to reforming and increase in operating efficiency in 2023 - 2025 according to appendix.

Assign to the Ministry of Economics and finance task of reforming of the specified companies.

2. Determine that:

The Ministry of Economics and finance performs function of the shareholder (participant) on the state block of shares (share) in JSC UzAssets Investment Company (further - UzAssets Investment company) and at the companies with participation of the state specified in appendix to this resolution;

the state blocks of shares (shares) in the authorized capital of the companies with participation of the state specified in appendix to this resolution are transferred to the control UzAssets Investment company;

decisions concerning appointment of members of executive body and members of the supervisory board, and also distribution of net profit of the companies transferred to the control UzAssets Investment company are accepted by it under approval in accordance with the established procedure;

involvement of the international consulting, auditor and investment consultants by UzAssets Investment company, investment banks and other specialized companies is performed by selection of the best offers. At the same time conducting examination of the agreements signed with them is not required;

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